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28 Sep 2009 16:08
[28] September 2009
Pursuit Dynamics PLC
("Pursuit" or "the Company")
Grant of Options
The Board of Pursuit Dynamics PLC (AIM: PDX), the developer of the PDX® platform technology, announces that, following the General Meeting on 25th September 2009, Roel Pieper was granted an option over 1,227,740 ordinary shares in the Company and Quantum Holdings Limited (a company connected with Roel Pieper for the purposes of section 252 Companies Act 2006) was granted an option over 1,841,610 ordinary shares in the Company. The options were granted at an exercise price of 95p and can be exercised in part at the earliest on 1st September 2010 subject to the achievement of certain performance and time vesting conditions.
Other than as stated above Mr Pieper has no interests in ordinary shares in the Company.
For Further Information, please contact:
Pursuit Dynamics PLC
Roel Pieper, Chief Executive Tel: +44 (0)1480 422050
Donald Bell, Chief Financial Officer
Financial Dynamics Ben Foster / Marc Cohen Tel: +44 (0) 20 7831 3113
Cenkos Securities plc Ian Soanes / Max Hartley Tel: +44 (0)20 7397 8924
Mirabaud Securities LLP
Rory Scott Tel: +44 (0)207 878 3360
Notes to Editors
Pursuit Dynamics PLC (AIM: PDX) owns and commercialises the PDX fluid processing reactor whose benefits include significant reductions in energy usage, process acceleration and result enhancement for industries such as Bioethanol production, Food & Drink, Brewing, Fire Suppression and Decontamination.
Pursuit Dynamics is headquartered in Huntingdon, UK and has offices in Norwalk, Connecticut, and Fallbrook, California, USA.
Further information is available at the Company's website: www.pursuitdynamics.com
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